A concentrated buying spree that has caught the attention of on-chain analysts and retail traders has been made by a significant new player in the $USELESS token market.
In the past 24 hours, a wallet funded via Binance has spent around $207,800 amassing 9.72 million $USELESS tokens. This is a noteworthiness in a sector that is often written off as speculative or gimmicky.
The series of aggressive buying in $USELESS was conducted in several distinct phases across multiple platforms and was signifying a much more deliberate accumulation than simply a random series of buys. The picture becomes even more intriguing when we consider that the largest holders of $USELESS, despite now sitting on considerable paper profits, are not selling. Could there be something coordinated happening in the shadows behind this apparent non-movement by the top holders of $USELESS?
Whale Wallet’s Strategic Buying Breakdown
On-chain data reveal that the whale wallet in question initiated its accumulation with three basic transactions across different channels. The first and largest transaction was for $80,600 worth of $USELESS tokens, or about 4.85 million, making this apparent well over 1% of total supply of around 490 million tokens. Likely via DEX, they may have also used a DCA strategy. The next series of transactions occurred using a related token called $DUPE and likely another trading pair. Using the wallet’s funds, which amount to $77,000, they bought 3.38 million more tokens. No good price data are available for $DUPE, but at the time, it was a far cheaper token than $USELESS (around 36 cents).
A wallet funded from Binance has spent $207.8K so far accumulating 9.72M $useless @theuselesscoin in just 24 hours.
Breakdown:
• $80.6K for 4.85M #useless
• $77.2K via $dupe for 3.38M $useless
• $49.98K (DCA ongoing) for 1.47M $uselessThe last $50K buy still loading… 👀 pic.twitter.com/UNFWhNyI63
— Stalkchain (@StalkHQ) June 10, 2025
Finally, there’s another DCA strategy that hasn’t quite played out yet. This series of transactions is accounted for by using $49,980. The last installment of this DCA put 1.47 million more tokens into the wallet, with the commerce possibly still happening.
This several-faceted method, along with the speed and volume of the acquisitions, has sparked conjecture about whether this is a synchronized operation by large investors or a behind-the-scenes maneuver connected to forthcoming events in the $USELESS ecosystem. The circumstance of the wallet being replenished straight from Binance makes it even more interesting, hinting that the purchaser may have turned centralized exchange holdings into on-chain assets and done so with specific intent.
Top Holders Holding Strong Despite Windfall Gains
The whale’s move has stirred up excitement, but what is arguably more surprising is the behavior of $USELESS’s top holders. Despite the token enjoying a surge in visibility and considerable recent price movement, none of the top wallets have sold significant amounts. In fact, they continue to hold their positions, which could indicate either long-term conviction or some kind of foreknowledge about upcoming developments.
#USELESS top holders looking great @theuselesscoin
All of them are holding despite having massive profits
They know something?
You can check the Top 10/20/30 holders analysis at https://t.co/JwjEOLmzLP pic.twitter.com/WymCu7GaEj
— Deep Agents (@deep_agents) June 10, 2025
Usually, when a meme or niche token sees a sudden influx of cash, early investors don’t hesitate to take their profits, especially if those profits are substantial. But with $USELESS, that’s just not happening—like, really not happening.
The reason for this seemingly eternal holding period for $USELESS has become a hot topic of conversation among retail traders and Twitter influencers. What exactly do these early holders know that we don’t? And why might they be choosing not to take their profits in a manner that seems normal for the realm of cryptocurrencies?
In addition, the excitement in the meme and microcap token sectors seems to be once again en vogue in meme and microcap communities. Let me try to explain this better: That Surreal meme in the first picture is excellent, has a brilliant message, and keeps you guessing as to what it’s really all about (ironic for the picture of a dog, right?). In reality, if you use the Surreal meme format to its full potential, you’re going to be making (and sharing) memes that are more interesting and thought-provoking than half the Shiba Inu pictures on the front page of Reddit.
What’s Next for $USELESS?
This accumulation strategy’s consequences are unknown, but the market is monitoring it intently. The continued dollar-cost averaging of the sizable position already held by the wallet suggests there is potentially a much larger, longer-term directive behind this act of apparent market manipulation—one that, if that’s indeed what it is, could have huge consequences for the direction of the Bitcoin price.
Should the $USELESS token adhere to the usual market patterns, we might expect the next stage to bring a swell of retail traders into the mix, spurred on by the news of how many tokens the whales have managed to amass. But it could also be a stage marked by volatility, driven by the quite understandable impulse of early buyers to take their profits and run in the event of any sharp upward movement in the token’s price.
In the end, if this is a play well-timed by a shrewd investor or a bet well-calculated on momentum yet to come, the market will act accordingly. Traders should watch closely for further activity with the wallet and for social developments from the $USELESS team.
The message is clear for now: a person with substantial resources is placing a significant wager on $USELESS—and that individual isn’t the only one maintaining such a solid stance.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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